Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$485,732$485,732$576,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$90,268$0
Funding fee$2,429$2,429$0
Note rate6.940%6.940%7.320%
Blended rate6.940%7.263%7.560%
1st payment$3,288.32$3,288.32$3,956.72
2nd payment$0.00$677.01$0.00
Taxes / mo$276.25$276.25$276.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,731.24$4,408.25$4,514.84
Cash to close$154,268$64,000$64,000